Piketty (Thomas Piketty)

Thomas Piketty, a French economist, studies wealth and income inequality. His key idea is that in many countries, the return on capital (like investments, property) tends to grow faster than the economy's overall growth. This leads to the rich accumulating more wealth over time, widening the inequality gap. Piketty highlights that without policies like progressive taxes or wealth redistribution, this trend can threaten societal fairness and stability. His work emphasizes the importance of understanding how economic systems distribute resources and suggests reforms to promote more equitable growth.